Sunday, May 27, 2018

Sneak peak: Asia Pacific hotel pipeline for October

STR’s October 2017 Pipeline Report shows 641,454 rooms in 2,917 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.8 percent increase in rooms Under Contract compared with October 2016.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The Asia Pacific region reported 289,997 rooms in 1,245 projects In Construction for the month. Based on number of rooms, that is a 15.0 percent increase in year-over-year comparisons. Five key markets in the region also reported more than 4,000 rooms In Construction.

About accomnews

accomnews

Check Also

Stayz goes in battle of US giants

The Stayz holiday rental brand will disappear within weeks as its parent company HomeAway looks to take on the might of Airbnb in the Australian metro market.

Include Airbnb in tax crackdown, tourism bodies demand

Two leading Australian tourism bodies are ramping up pressure on the government to include Airbnb in a tax crackdown on overseas online booking sites.

Price hike fears follow new OTA tax plan

Australian accommodation may cost more from next year as overseas travel agents pass on the pain of new tax laws.

Leave a Reply

Your email address will not be published. Required fields are marked *